Upland Software, Inc. (NASDAQ:UPLD) Receives Consensus Rating of “Buy” from Brokerages

Shares of Upland Software, Inc. (NASDAQ:UPLD – Get Rating) have earned an average rating of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $28.88.

A number of brokerages recently weighed in on UPLD. Jefferies Financial Group lowered their price objective on shares of Upland Software from $30.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, January 6th. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity Group reduced their target price on shares of Upland Software from $30.00 to $24.00 in a research note on Friday, February 25th. Craig Hallum reduced their target price on shares of Upland Software from $32.00 to $22.00 in a research note on Tuesday, January 11th. Finally, Raymond James reduced their target price on shares of Upland Software from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, January 11th.

Shares of NASDAQ:UPLD opened at $15.35 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.63. Upland Software has a fifty-two week low of $14.85 and a fifty-two week high of $53.00. The firm’s 50-day simple moving average is $17.03. The company has a market cap of $477.89 million, a P/E ratio of -7.99 and a beta of 0.93.

Upland Software (NASDAQ:UPLD – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The software maker reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. Upland Software had a negative net margin of 19.27% and a positive return on equity of 5.80%. The business had revenue of $75.73 million during the quarter, compared to the consensus estimate of $75.44 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts expect that Upland Software will post 0.6 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Marathon Asset Mgmt Ltd bought a new stake in shares of Upland Software during the fourth quarter worth $50,430,000. BlackRock Inc. grew its position in shares of Upland Software by 1.6% in the 4th quarter. BlackRock Inc. now owns 1,857,864 shares of the software maker’s stock valued at $33,330,000 after acquiring an additional 29,555 shares during the period. Bernzott Capital Advisors grew its position in shares of Upland Software by 1.3% in the 1st quarter. Bernzott Capital Advisors now owns 1,105,702 shares of the software maker’s stock valued at $19,471,000 after acquiring an additional 13,781 shares during the period. State Street Corp grew its position in shares of Upland Software by 12.0% in the 4th quarter. State Street Corp now owns 779,863 shares of the software maker’s stock valued at $13,991,000 after acquiring an additional 83,326 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Upland Software by 9,888.3% during the 4th quarter. Millennium Management LLC now owns 736,534 shares of the software maker’s stock worth $13,213,000 after buying an additional 729,160 shares during the last quarter. Institutional investors and hedge funds own 76.02% of the company’s stock.

About Upland Software (Get Rating)

Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.

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